Popular Inc (NASDAQ:BPOP) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.30 per share by the bank on Thursday, January 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, December 4th.
Shares of NASDAQ:BPOP opened at $55.31 on Monday. The firm has a market capitalization of $5.35 billion, a PE ratio of 11.60 and a beta of 1.18. Popular has a twelve month low of $44.22 and a twelve month high of $58.99. The company has a 50-day moving average price of $55.15 and a two-hundred day moving average price of $54.30.
Popular (NASDAQ:BPOP) last issued its earnings results on Wednesday, October 23rd. The bank reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.10. Popular had a net margin of 21.47% and a return on equity of 11.40%. The firm had revenue of $619.70 million during the quarter, compared to analyst estimates of $624.80 million. During the same quarter last year, the business earned $1.38 earnings per share. Sell-side analysts expect that Popular will post 6.8 EPS for the current year.
BPOP has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Popular from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. BidaskClub raised shares of Popular from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $63.00.
In other Popular news, Director Joaquin E. Bacardi III sold 7,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $55.00, for a total transaction of $385,000.00. Following the transaction, the director now directly owns 29,722 shares in the company, valued at $1,634,710. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jorge J. Garcia sold 3,262 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $55.12, for a total transaction of $179,801.44. The disclosure for this sale can be found here. Insiders sold 33,961 shares of company stock worth $1,890,377 over the last ninety days. 1.33% of the stock is currently owned by insiders.
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.
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